I have a friend who bought bitcoin during this peak season. When the bitcoin price was 18-20k USD. Now he is sad and disappointed seeing that the current price has dropped to 50% and more and he is afraid he is going to lose all. In short he lost his hope and faith in bitcoin already. Has anyone here did the same as he did? If you did invest in that amount what did you do to your bitcoin, did you sell it or still holding it?
It was very obvious that those people who invest on that day are just joining the hype in the market and they are not well knowledgeable about how the system works and this is the main reason why they quit on trading because they obviously lose a huge amount of investment.
Those people really had little knowledge about the market. they should have taken advice from someone who was the old player of the market because the price at which they invested was not actually meant for investing rather that was for those who want to enjoy the profit and cash out their investments. Still if these investors have not withdrawn their money, they still have chance to make some good profit.